The value of a gem is judged according to its strength and brilliance. Like a diamond with a sheen that is matched by its hardness, DBP, with its legacy of resilience, stability and relevance, is truly a prime jewel in the National Government’s development efforts over the last seven decades.
With 300,000 square kilometers of land – mostly waiting to be tapped for business and economic activities, and with more than 100-million in population – a great number converging in already very crowded places, the Philippines takes on the challenge of addressing congestion and spreading inclusive growth. Recognizing the urgent need to undertake more decisive and concrete action, the government refocuses its priorities towards further harnessing the vast economic potential of the country. And it all comes down to infrastructure development as a requisite for businesses to thrive and grow, to stimulate economic activities, and to be able to provide livelihood to more and more Filipinos across the nation. As the country enters into a new wave of advancement towards inclusive growth, a golden age of infrastructure has dawned. DBP’s development mandate has been sharpened and made more relevant. The time has come to BUILD! BUILD! BUILD!
More than reporting the Bank’s financial performance for the year, our 2015 Annual Report aims to chronicle the story behind the numbers. Our DBP bankers and their customers create not just the financial results but the projects that serve as engine of growth, catalyst for progress. Not just a snapshot of a year, but a continuing history of our Bank’s role in the prosperity and the rise in living standards of our people due to our financing of the key sectors of the Philippine economy.
Staying true to its mandate of bringing progress to the nation, the Development Bank of the Philippines (DBP) is steadfast in spearheading projects that aid in our country’s growth. On this cover, progress is reflected on the solar panels, conveying an imagery of DBP’s continuing pursuit of finding innovative ways of uplifting the life of every Filipino. The solar panels reflect some of DBP’s development projects — a school building to show the Bank’s unwavering efforts in the field of education, a progressive cityscape and ultimately, a Filipino family enjoying the fruits of progress.
By embracing change and creativity, DBP is raising the bar with innovative plans and strategies that are poised to enhance the Filipino people’s quality of life. In this day and age, the digital tablet has become the device du jour and a symbol of 21st century technology. The Bank helps in improving Filipinos’ technological access that is vital in making our nation more connected with the rest of the changing world. Featured on the cover is the DBP tablet showing the four icons of infrastructure, environment, social services and MSMEs – the key thrusts that the Bank has committed to bring about rapid and modern development to every corner of the country.
The DBP has broken new grounds to progress by instilling the principles of good governance in development financing. The Bank has also consistently performed the two-fold role of profitable institution and development catalyst. DBP paved the way for driving sustainable growth. Indeed, DBP strives to serve as proof that striking a balance between the pursuit of development and profitability is key to sustaining progress.
As the Philippines’ lead institution for development finance, DBP remains in the forefront of promoting countrywide sustainable development. In 2011, the national economy was beset by global and local challenges. Yet DBP never wavered in its steadfast commitment to develop a better Philippines by supporting projects that prepare Filipinos for the future. More than Bank, it serves as the beacon for development in rural and urban areas. Indeed, DBP is the financial institution that the Filipino people can bank on.